Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company during the year under review was that of Risk assessment consultancy.false33falsetrue 06222596 2022-05-01 2023-04-30 06222596 2021-05-01 2022-04-30 06222596 2023-04-30 06222596 2022-04-30 06222596 c:Director1 2022-05-01 2023-04-30 06222596 d:Buildings d:ShortLeaseholdAssets 2022-05-01 2023-04-30 06222596 d:Buildings d:ShortLeaseholdAssets 2023-04-30 06222596 d:Buildings d:ShortLeaseholdAssets 2022-04-30 06222596 d:OfficeEquipment 2022-05-01 2023-04-30 06222596 d:OfficeEquipment 2023-04-30 06222596 d:OfficeEquipment 2022-04-30 06222596 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06222596 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 06222596 d:CurrentFinancialInstruments 2023-04-30 06222596 d:CurrentFinancialInstruments 2022-04-30 06222596 d:Non-currentFinancialInstruments 2023-04-30 06222596 d:Non-currentFinancialInstruments 2022-04-30 06222596 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06222596 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 06222596 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 06222596 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 06222596 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 06222596 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 06222596 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 06222596 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 06222596 d:ShareCapital 2023-04-30 06222596 d:ShareCapital 2022-04-30 06222596 d:SharePremium 2023-04-30 06222596 d:SharePremium 2022-04-30 06222596 d:RetainedEarningsAccumulatedLosses 2023-04-30 06222596 d:RetainedEarningsAccumulatedLosses 2022-04-30 06222596 c:FRS102 2022-05-01 2023-04-30 06222596 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 06222596 c:FullAccounts 2022-05-01 2023-04-30 06222596 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06222596 2 2022-05-01 2023-04-30 06222596 e:PoundSterling 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 06222596









RISKBASE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
RISKBASE LIMITED
REGISTERED NUMBER: 06222596

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,444
7,225

  
11,444
7,225

Current assets
  

Stocks
  
32,500
130,000

Debtors: amounts falling due within one year
 5 
144,576
78,110

Cash at bank and in hand
 6 
86,325
108,394

  
263,401
316,504

Creditors: amounts falling due within one year
 7 
(316,709)
(290,713)

Net current (liabilities)/assets
  
 
 
(53,308)
 
 
25,791

Total assets less current liabilities
  
(41,864)
33,016

Creditors: amounts falling due after more than one year
 8 
(21,481)
(31,443)

  

Net (liabilities)/assets
  
(63,345)
1,573


Capital and reserves
  

Called up share capital 
  
145
145

Share premium account
  
214,955
214,955

Profit and loss account
  
(278,445)
(213,527)

  
(63,345)
1,573


Page 1

 
RISKBASE LIMITED
REGISTERED NUMBER: 06222596
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Sanders
Director

Date: 21 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RISKBASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Riskbase Limited is a private company limited by shares and incorporated in England and Wales. Its registered number is 06222596 and registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.
The financial statements are presented in sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RISKBASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
25%
Straight line
Office equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
RISKBASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

3.


Employees

2023
2022
£
£

Wages and salaries
148,752
78,812

Social security costs
18,661
5,870

167,413
84,682


The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Short-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
47,824
5,586
53,410


Additions
-
6,350
6,350



At 30 April 2023

47,824
11,936
59,760



Depreciation


At 1 May 2022
45,587
599
46,186


Charge for the year on owned assets
559
1,571
2,130



At 30 April 2023

46,146
2,170
48,316



Net book value



At 30 April 2023
1,678
9,766
11,444



At 30 April 2022
2,238
4,987
7,225

Page 5

 
RISKBASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£


Trade debtors
139,127
78,110

Other debtors
5,449
-

144,576
78,110



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
86,325
108,394

Less: bank overdrafts
(7,374)
(1,023)

78,951
107,371



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
7,374
1,023

Bank loans
9,977
9,718

Other loans
30,000
30,000

Trade creditors
22,777
4,942

Other taxation and social security
66,659
66,064

Other creditors
136,923
156,524

Accruals and deferred income
42,999
22,442

316,709
290,713



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,481
31,443

21,481
31,443


Page 6

 
RISKBASE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,977
9,718

Other loans
30,000
30,000


39,977
39,718

Amounts falling due 1-2 years

Bank loans
10,229
9,978


10,229
9,978

Amounts falling due 2-5 years

Bank loans
11,252
21,465


11,252
21,465


61,458
71,161



10.


Controlling party

The company is controlled by the director. 

 
Page 7